Science & Technology
Science and Technology
Science and Technology
Tue, September 27, 2011
Mon, September 26, 2011
SANTA BARBARA, Calif.--([ BUSINESS WIRE ])--Solar3D, Inc. (OTCBB:SLTD), the developer of a breakthrough 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity, has been featured in an article published by MITa™s prestigious technological journal, Technology Review.
"The publication recognizes the top advances in a broad spectrum of science. We feel gratified to be counted as part of the great breakthroughs among the advances in solar technology."
Inspired by light management techniques used in fiber optic devices, the companya™s innovative solar cell technology utilizes a 3-dimensional design to trap sunlight inside micro-photovoltaic structures where photons bounce around until they are converted into electrons. Solar3Da™s management believes that this breakthrough solar cell design will dramatically change the economics of solar energy.
aIt is exciting to see our innovative 3-dimensional solar cell highlighted by a publication like Technology Review,a commented Jim Nelson, President and CEO of Solar3D. aThe publication recognizes the top advances in a broad spectrum of science. We feel gratified to be counted as part of the great breakthroughs among the advances in solar technology.a
With the design complete, Solar3D has begun the process of evaluating methods of fabricating a prototype along with techno-economic analysis of the new solar cell. The article reported that Solar3Da™s new 3-dimensional solar cell will have two principal sections: the Light Collector section and the Micro Photovoltaic section. The purpose of the design is to eliminate reflection and electron re-absorption.
Nelson continued, aThe article describes our focus on mass production and competitiveness. We focus on both of those items to help us move closer to grid parity. Ultimately, our overriding objective is to make solar energy affordable to the world and to achieve its destiny of becoming the primary source of energy for mankind.a
As the Company nears the completion of its prototype in the next few months, management will seek a fabrication partner, most likely in the semiconductor industry, who will participate in bringing the product to market.
About Solar3D, Inc.
Solar3D, Inc. is developing a breakthrough 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity. Up to 30% of incident sunlight is currently reflected off the surface of conventional solar cells, and more is lost inside the solar cell materials. Inspired by light management techniques used in fiber optic devices, our innovative solar cell technology utilizes a 3-dimensional design to trap sunlight inside micro-photovoltaic structures where photons bounce around until they are converted into electrons. This next generation solar cell will be dramatically more efficient, resulting in a lower cost per watt that will make solar power affordable for the world. To learn more about Solar3D, please visit our website at [ http://www.Solar3D.com ].
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
